Iran Food & Drink Q3 2019
While our outlook for the Iranian food and drink industry remains positive over the medium term, the country will enter arecession in 2019. Rial weakness and rising inflation will weigh on domestic consumption. High inflation rates are likely to be themain driver of nominal growth rates in the Iranian rial; however, with food considered an essential, we expect some sales growth asconsumers change their spending patterns. Despite the circumstances, household incomes are seeing significant growth, whichhas the potential to shield some of the effects of the crisis.
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